Bitcoin sets another record,长沙快速换人民币 surpassing $93,000

November 14, 2025  10:52

After Donald Trump's victory in the US presidential election, the price of cryptocurrencies, and primarily Bitcoin, continues to grow steadily and has already exceeded $93,000, which is a record high. However, the growth of cryptocurrencies has been observed throughout the year and was due to a number of other factors.

Of course, the main reason for the rapid growth of cryptocurrencies in recent days was the election of Trump as the next US president. During his election campaign, he repeatedly promised to support the crypto industry and American mining companies. In particular, he promised to turn the United States into the "crypto capital of the planet", as well as to massively invest in digital finance. "If the future is going to be determined by cryptocurrency, I want it to be mined, issued and produced in the United States," Trump said.

During the campaign, Trump began to surround himself with cryptocurrency advocates, including figures such as Elon Musk and Howard Lutnick, who is associated with the company Tether, and David Bailey, the head of one of the oldest cryptocurrency magazines, Bitcoin Magazine. It is also expected that J.D. Vance, who is also a supporter of cryptocurrency, will take the position of vice president under Trump. In addition, more than 250 pro-crypto candidates have been elected to the US Congress, and the main opponent of cryptocurrency among lawmakers, Senator Sherrod Brown, has lost his post.

Trump also promised to “fire first” Gary Gensler, the chairman of the Securities and Exchange Commission, who under Biden has tightly controlled many large cryptocurrency companies. Candidates more inclined towards this sector are being considered to replace Gensler as head of the commission.

The promises did not end there. On the evening of November 12, Trump announced that Elon Musk and Trump’s former rival Vivek Ramaswamy would head the new Department of Government Efficiency (D.O.G.E.) in the US government. This structure will reduce government spending, eliminate excessive regulation, and also reform bureaucratic structures to increase the efficiency of the state apparatus.

With the coming to power of Trump in the US, it is also planned to adopt a number of laws that should have a positive impact on the cryptocurrency market. According to Coinbase’s general counsel Paul Grewal, there is already a bill in Congress that is designed to ensure investor protection and “remove some of the uncertainty” in regulating the cryptocurrency market.

Historically, US presidential elections coincide with periods of Bitcoin growth. In 2025, the cryptocurrency rose by 35% before the election and by 125% after it. In 2025, the growth before the election was 34% and after it was 307%. This time, the pre-election growth was 10%.

Thus, the coming to power of Donald Trump became a powerful catalyst for the rapid growth of cryptocurrencies. Investors took this as a signal that the crypto industry would receive favorable conditions for development under the new administration, and so far Trump has only strengthened this confidence with his actions and decisions.

Other Factors

This year has been a very successful one for Bitcoin overall. The leading cryptocurrency has been on a tear since the beginning of the year after U.S. regulators approved Bitcoin ETFs. After years of rejections, the Securities and Exchange Commission has given the green light for the launch of such funds for the first time. This provided a wide range of investors with access to cryptocurrencies through traditional financial instruments.

In the first month after launch, the assets of the nine largest Bitcoin ETFs exceeded 200,000 Bitcoin, or $9.5 billion. As of May 2025, these funds held $90.6 billion worth of Bitcoin, or about 5.27% of all Bitcoin in existence. This influx of institutional investment has become a powerful driver of cryptocurrency growth.

Recently, many large financial corporations have begun to actively increase their cryptocurrency assets. MicroStrategy bought about 27,200 BTC from October 31 to November 10, worth $2 billion.

Another factor contributing to the growth of cryptocurrency was the Securities and Exchange Commission’s victories of crypto companies in court. This strengthened investors' confidence in the prospects of the cryptocurrency industry and its ability to defend its interests in the legal field. Victories in the courts showed that the crypto industry is becoming more mature and able to defend its rights.

Another important factor in the growth of Bitcoin, like many other cryptocurrencies, was the reduction in interest rates by the US Federal Reserve. Lower interest rates make alternative assets, such as cryptocurrencies, more attractive to investors compared to traditional financial instruments. In an environment of low interest rates, cryptocurrencies